PERSISTENT SYSTEMS at 52 Week High; BSE 500 Index Up 1.0%
April 8, 2021 09:22 AM

PERSISTENT SYSTEMS share price has hit a 52-week high at Rs 1,996 (up 1.3%).

Meanwhile, the BSE 500 Index is at 19,996 (up 0.6%).

Among the top gainers in the BSE 500 Index today are PERSISTENT SYSTEMS (up 1.3%) and SHANKARA BUILDING PRODUCTS (up 5.8%).

HINDUSTAN COPPER (down 5.9%) and ADANI GAS (down 4.1%) are among the top losers today.

Over the last one year, PERSISTENT SYSTEMS has moved up from Rs 508 to Rs 1,996, registering a gain of Rs 1,488 (up 290.56%).

The BSE 500 has moved up from 11,346 to 19,996, registering a gain of 8,650 points (up 76.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were INTELLECT DESIGN (up 1070.7%), ADANI ENTERPRISES (up 747.0%) and TEJAS NETWORKS (up 454.9%).

What About the Benchmark Indices?

The BSE Sensex is at 49,978 (up 0.6%). The top gainers among the BSE Sensex stocks today are HDFC (up 1.3%), TATA STEEL (up 1.3%) and BAJAJ FINSERV (up 1.2%). Other gainers include TITAN (up 1.1%) and TECH MAHINDRA (up 0.9%). The most traded stocks in the BSE Sensex are ICICI BANK and INFOSYS.

In the meantime, NSE Nifty is at 14,930 (up 0.7%). TATA STEEL (up 1.9%) and HINDALCO (up 1.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 30,067 to 49,978, registering a gain of 19,911 points (up 66.2%).

PERSISTENT SYSTEMS Financial Update...

PERSISTENT SYSTEMS net profit stood at Rs 1 billion for the quarter ended December 2020, compared to a profit of Rs 879 million a year ago. Net Sales rose 16.5% to Rs 10.8 billion during the period as against Rs 9.2 billion in October-December 2019.

For the year ended March 2018, PERSISTENT SYSTEMS reported 3.3% increase in net profit to Rs 3.2 billion compared to net profit of Rs 3.1 billion during FY17.

Revenue of the company grew 5.4% to Rs 30 billion during FY18.

The current Price to earnings ratio of PERSISTENT SYSTEMS, based on rolling 12 month earnings, stands at 40.0x.